Three Reasons Why You Should Have an Individual Health Insurance Policy
Three Reasons Why You Should Have an Individual Health Insurance Policy
North Carolina health insurance commonly comes from employer's health plans. However, a growing number of people are looking outside their place of employment to get health coverage. There are many reasons for this. First, many companies have began shifting costs to their employees. Second, it protects the consumer and family from periods of unemployment. Third, costs are often competitive or lower than many employer-based plans. Let's look at each one of these to see what is going on.
With the rising costs of health care, many employers have looked for ways to save money. One of the easiest targets is health plans for their employees. Many smaller companies have dropped health care coverage all together. Others have reworked the plans they offer to shift more of the costs to their employees - by either increasing the deductibles or by increasing the employee's share of the premium. This is saving many companies millions of dollars every year. It doesn't help your bottom line, however. With private North Carolina health insurance, you have the policy you need with costs that you can project. Who knows when your employer will change the policies again? It may be next year.
With the struggling economy, many families are in flux. Some have lost jobs. Others have started home businesses to help the bottom line. Still others have multiple part time jobs to keep things going. With private insurance, health care goes on even if a job doesn't. This is especially nice to have in industries that often go through hot and cold spells such as construction. The work may be there today but not tomorrow. A private North Carolina health insurance policy would avoid losing coverage during the down times. As long as you make the payments, the insurance is yours.
There is a myth that employer health plans are cheaper than private insurance. In some cases, it might be. However, many private insurance policies provide similar coverage for a competitive price compared to employer plans. And the insurance company can tailor plans for the policyholder and his family. Many employer policies are generic to provide coverage for the most people in the company. Some find themselves without enough insurance and some find themselves with too much. North Carolina health insurance can come from employer plans as well as private policies. It is in the best interest of every policyholder to explore his or her options before committing. It will help the bottom line and maybe long-term health. Think about it.